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Influence of European Funds on Farm Management in Romania

Author(s): Andrei-Marius Sandu / Language(s): English Issue: 4/2014

European funds are a breath of oxygen for Romania in its attempt to obtain similar results to EU Member States. This paper aims to analyse and highlight at the same time, the importance of implementing European funds on farm management for Romanian agriculture. In an attempt to demonstrate and analyse the positive impact of the funds on farms and on their management public and official data were used. The scientific study outlines how the absorption of EU funds influences farm productivity and how European measures have influenced farmers managerial decisions. The paper refers to the management system applied in farms in Romania and how it has changed when European funds were introduced. A secondary outcome of this article is benchmarking the agricultural sector on Romania's position in the rankings compared with other European Union member states.

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Managerial Perspective on Social Media Implementation in Banking Industry. Comparative Study on Romanian and Mexican Banks

Author(s): Kristine Kirakosyan / Language(s): English Issue: 3/2014

Social media has very strong impact on all of human activities and banking is no exception in this. The ways and methods have been changed because nowadays banks have to be more communicative, more customer-centric and innovative. The interest point of this article is social media in banking area. Social media is almost an endless source and e-banking management needs to identify strategy to make profitable use of social media. We presented a set of hypotheses and tested them in Romanian and Mexican banks by doing an online survey among managers. For this comparative research we selected the questions that allow us to validate our hypotheses and find out the real level of social media usage. Besides testing our hypotheses we did exploratory research to study deeper some social media issues. We studied our samples using statistical tools for frequencies, crosstabs, correlations, as well as factor and reliability analyses.

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Going International Versus Going Global. The Case of the European Steel Pipe SMEs

Author(s): Elena-Mădălina Vătămănescu,Florina Pînzaru,Andreia Gabriela Andrei,Vlad-Andrei Alexandru / Language(s): English Issue: 3/2014

In a world where competitiveness has become the second nature of the business environment, an insight on the organizations’ endeavour to go international seems natural. And yet, most of the times, under the lens of the worldwide researchers and practitioners, corporations have been settled as milestones. In this context, focusing on the small and medium enterprises (SMEs), on the managerial and entrepreneurial micro-universe may generate an alternative perspective on their approach on the international markets versus the global market. Starting from this premise, the paper intends to analyze the business internationalization versus business globalization perspectives assumed by managers of SMEs at present. The distinction between the two approaches is based on a step-by-step touch of the specialized markets versus a straight forward venture into far-away markets with a view to obtain higher profits. The emphasis was laid on 107 European steel pipe SMEs, whose managers responded to a 15-item questionnaire regarding their market strategies and experiences. As the results show, the socio-demographic characteristics of respondents have a considerable impact on their approaches on the issue, the choice for going international or going global relying on the subjects’ age, number of foreign partners, experience on the foreign markets and education field.

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Are Social Enterprises in Romania EMES Social Enterprises?

Author(s): Loredana Orhei,Joop Vinke,Sharda S. Nandram / Language(s): English Issue: 2/2014

Recent efforts of the European Union to integrate new member states such as Romania expand to the social economy sector as well. Works by Hoogendoorn et al. (2010) and Kerlin (2010) regard Europe as accommodating two schools of thought related to social entrepreneurship: EMES and the UK – social enterprise. Both views place great emphasis on social enterprise as the main indicator of the social entrepreneurial phenomena for the European continent. Using both qualitative and quantitative research methods, we attempt to answer the following question: Which forms of Romanian social economy organisations correspond theoretically and empirically to the EMES social enterprise criteria? The findings show that there are two types of organisations in Romania (sheltered workshops and enterprises set up by associations and foundation) that fulfil the EMES criteria to the largest extent. They are generally between 5 and 10 years old and are active in agriculture, trade and education.

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Managerial Challenges and the Romanian Labour Dynamics in the European Context

Author(s): Clara Alexandra Volintiru / Language(s): English Issue: 2/2014

This paper explores the traits of the labour market in Romania, compared to the general tendencies in the EU. It adopts an institutionalist perspective, contrasting the impact of regulation with the structural problems of the Romanian labour market. By looking at such indicators as the level of public employment, self-employed persons, or percentage of manufacturing employment, this study delineas the managerial challenges embedded within the labour market in Romania, as characteristics of this country, as well as others in Eastern Europe. One of the main findings of this study is that many of the problems of the Romanian labour market remain hidden from general quantitative assessments, and policy-making needs to be informed by in-depth analysis of the underlying structures.

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Human Resources Management in the Syrian Companies in Romania

Author(s): Nedaa Sousi / Language(s): English Issue: 2/2014

Human resource management in organizations is considered a very powerful factor influencing profitability and development of an organization. We have proposed the analysis of main factors affecting human resources management and which can provide more efficient use of this resource. This analysis is necessary in order to achieve the objectives proposed with regard to the use of human resources with a view to increasing productivity and profitability over the long term. The use of management methods and techniques compared to companies with a joint organizational culture allows the harmonious development and fostering the know-how of a multicultural environment.

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Minding the Cultural Gaps between Different Countries - A Real Challenge for the International Managers

Author(s): Alexandru Căpăţînă,George Cristian Schin / Language(s): English Issue: 5/2013

The managers that intend to develop their businesses at the global scale are frequently confronted with situations which require skills related to effective communication in diverse cross-cultural contexts. The paper’s aim was to answer the following question: “How can a Cultural Intelligence web platform provide the support for international managers in their search of a specific business culture’s peculiarities?” In this way, we conducted a qualitative research by using the web platform Country Navigator, in order to compare Romania’s cultural profile from business point of view with two representative E.U. countries’ profiles, France, respectively Germany. The main findings of our study outline significant gaps between Romania and Germany and moderate differences between Romania and France. The in-depth analysis of the cultural dimensions also reflects interesting aspects which must be taken into account by the managers. The paper concludes with several recommendations for the managers concerning practical ways to “bridge the gaps” between the cultural profiles of the countries taken into consideration in the study.

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Management Changes and Challenges to Preserve Holocaust Extermination Site

Author(s): Florence Luxenberg-Eisenberg / Language(s): English Issue: 3/2013

The Holocaust is named for the systematic, bureaucratic, well-organized murder and genocide of over 6,000,000 European Jews implemented by the Nazis and their collaborators. From 1933 to 1945, Jews were humiliated, tortured, starved, incarcerated, systematically executed, shot into mass graves, and gassed for the purpose of total annihilation—all performed under an official capacity. The most characteristic feature of the Jewish genocide is the bureaucratic organization and management of the feat, whereby besides the SS, state institutions and members of various groups were to varying degrees accomplices on account of their knowledge and responsibility—the doctors who performed medical experiments; the engineers who constructed the gas chambers and crematoriums; those who participated at the highest levels of government. Hitler could not have completed his accomplishment without the help of collaborators such as Hungarians, Ukrainians, Lithuanians, and Romanians. In addition, with countries remaining silent with screaming indifference, even turning refugees away, the Nazi machine was given an additional gateway to implement the task at hand.

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National Debt Management

Author(s): Angelica Băcescu-Cărbunaru,Monica Condruz-Bacescu / Language(s): English Issue: 2/2013

According to Romania Constitution (Art.136) „the formation, administration, usage and control of state’ financial resources, of administrative units, and public institutions are regulated by law”. Also, the law regarding public financing states that the management of public financial resources is accomplished by a unitary system of budgets. This comprehensive, unified, correlated system of sources and resource needs form the general, consolidated budget, which reflects national public financial flows, in terms of formation and their destination, in accordance with the financial policy objectives specific to the period (year.) General consolidated budget represents a justification document of the public financial balance and a tracking one for observance throughout the budget year. The main component of the budget system is the state budget. An important issue regarding the state budget is that regarding the coverage of a country’s debts. Therefore, the article clarifies certain issues linked to the primary budget deficit, public debt, and the report between debt and income.

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Factors Associated with Successful Export Performance: A Study of Thai International Service Firms

Author(s): Araya Hongchindaket,Akkapong Kittisarn,Philip A. Neck / Language(s): English Issue: 1/2013

International service enterprises have become critical in the global market. As a result, there is an increasing need to investigate what factors contribute to creating successful firms. Meanwhile, creating and maintaining long-term relationships between service firm exporters and business clients are seen as an effective tool to enhance a firm’s performance. A proposed follow-up study will develop and empirically test a theoretical framework of the antecedents that cover organizational issues, plural forms of governance mechanism and performance implications of successful inter-firm relationships. This study is designed to extend previous research of the service sector in Thailand.

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Practice in Management and Entrepreneurship: Some Facts from the Bucharest University of Economic Studies

Author(s): Eduard Gabriel Ceptureanu,Sebastian Ion Ceptureanu / Language(s): English Issue: 5/2012

According to EU policy strategy aimed at youth, "Youth - Investing and Empowerment" youth is one of the most vulnerable groups in society, especially in the current economic and financial crisis and increasingly aging society, young people are a precious resource. The young generation is an ongoing resource reduction, it is estimated that 20% of the population that it is now projected to fall to 15% by 2050. While EU youth today enjoy numerous opportunities, they face difficult challenges, also, because many young people leave school and work or are at risk of poverty and social exclusion. This papers exhibit some interesting facts about the intensity of entrepreneurial spirit within the most important and prestigious economic university in Romania, The Bucharest Academy of Economic Studies. The aim of the research was to found out the basic portrait of the future entrepreneur graduating from our university and their main advantages and disadvantages related to their perception of Romania’s business environment.

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Increase Employee Motivation in Romanian SME’s

Author(s): Irinel Marin / Language(s): English Issue: 5/2012

Irrespective of their size, all companies in Romania face difficulties in motivating their working staff. This leads to employees’ work dissatisfaction, instability and disinterest in the company they are working for. An efficient system will bring about the working staff’s satisfaction. Work satisfaction represents the employee’s desired state of being that fully meets their conscious and unconscious needs and expectations. The factors underlying work satisfaction are as follows: the work itself considered a multitasking job, opportunity to learn about and carry out a particular activity, all forms of remuneration, promotions and career opportunities, recognition and rewarding of great achievements, social advantages, working conditions, management styles, interpersonal relationships as well as teamwork, organizational culture and politics, location as to the working place, organizational prestige.

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Economic Indicators Used in the Holistic Management of Ecological Agricultural Entities

Author(s): Cornel Dumitru Crecană / Language(s): English Issue: 5/2012

The paper begins with a review of theoretical concepts including a conceptual delimitation of the terms Holistic management and sustainable development. Aim of the work is to emphasize the importance of the transition from an economy focused on obtaining maximum profits in a responsible economy, which prioritizes basic maintenance of ecological balance. Under these conditions, economics in general and particularly economic and financial analysis must fundamentally rethink traditional concepts of economic viability and profitability in the economy, by considering the fundamental causes capable of destroying ecosystem restoration capacity. The innovative character of such a theoretical-methodological approach is limited only by the possibility of implementation at the macroeconomic and microeconomic level. It is noteworthy, however, increasing research activities in this field of holistic management and sustainable development, literature study clearly reflects a new direction in the economy, the paradigm shift is expected by all professionals, but was seriously hampered by the financial crisis. Starting from these considerations, I propose in this paper, introducing a some economic indicators for measure the economic viability and economic profitability in the ecological agricultural entities, justifying the need for, and practical possibilities to implement in economic analysis and fiscal management economic entities.

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The Considerations of the Sustainable Development and Eco-Development in National and Zonal Context

Author(s): Stelian Pânzaru,Camelia-Cristina Dragomir / Language(s): English Issue: 5/2012

This paper examines how managers are involved in the implementation of models used in forecasting economic growth for sustainable development and eco-development. The study allows that the experience of the organization where the research was conducted be generalized in other institutions of the local public administration, for the purpose of supporting the processes of sustainable development. The study has implications in the organizational sector of the local public administration institutions, and in the process of the specialists’ training in the field of the public administration management. The results of the research contribute to the proposition of certain viable managerial solutions for the application of the sustainable development models within the local public administration institutions.

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Sources of Conflict in Industrial Enterprises in Romania and Ways to Improve the Situation

Author(s): Cecilia Gostin,Olivia Doina Negoita,Anca Alexandra Purcarea / Language(s): English Issue: 4/2012

Purpose: The existence of harmonious labor relations in a company leads directly to increased motivation, engagement and employee performance. This paper attempts to identify sources of conflict at work in industrial enterprises. Methodology/approach: Using the questionnaire based examination the authors try to determine how much the industrial companies are interested to find out if there are conflicts, how they start and how they can be removed. Findings: To achieve the purpose, statistical indicators were correlated with responses to the questionnaires, which allowed the identification of specific measures to be taken to remove conflict situations. Research limitations: I used a representative sample, but we cannot eliminate the degree of bias or the responses: "do not know", "no answer". Practical implications: Based on the results, in order to improve labor relations at the industrial enterprise level, the authors have developed several recommendations to prevent and overcome difficult moments and also to avoid actions that could lead to conflict. Originality/value: This work brings added value by focusing on labor relations, and in particular, on the social dialogue at the company level.

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Leadership in the European Union: Significance and Perspectives

Author(s): Delia-Mioara Popescu,Diana Zlate,Mihai Ciută / Language(s): English Issue: 2/2012

The leadership of the European Union has become an essential challenge given the multiple problems the organization is currently facing. The economic crisis, amplified in Europe on the background of worldwide globalization, increased euroscepticism and increased political extremism in the EU member states, increasingly complex relationships with international partners, the internal problems inherent to the functioning of a bloc of 27 member states constitute the delicate issues on the list of responsabilities of the "job description" of a leader of the EU. In order to clarify the question of who is currently running the European Union and what are the factors that must be taken into account, we shall review the competences of the main institutions of the EU. At the same time, we shall point out the challanges that the current context poses to the act of leadership in the EU. The research method used is the study of documents and materials identified on specialised websites. The study is aimed at pencilling the profile of a leader (an individual or an organisation) who can lead the European Union in the extremely complex current political and economic context.

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Designing an Integrated AHP based Fuzzy Expert System and SWOT Analysis to Prioritize Development Strategies of Iran Agriculture

Author(s): Hamidreza Salmani Mojaveri,Hamed Fazlollahtabar / Language(s): English Issue: 1/2012

In spite of successful research on new agricultural practices concerning crop cultivation, the majority of farmers is not getting upper-bound yield due to several reasons. One of the reasons is that expert/scientific advice regarding crop cultivation is not reaching farming community in a timely manner. It is true that we possess a valuable agricultural knowledge and expertise. However, a wide information gap exists between the research level and practice. Farmers need timely expert advice to make them more productive and competitive. In this paper, we made an effort to present a solution to bridge the information gap by exploiting advances in Information Technology (IT). It is interesting to notice a major difference between developed countries and developing countries, serves as a distinguished representative, in their roadmaps to agriculture modernization to developing counties. IT assists to achieve agricultural mechanization efficiently and intelligently. We proposed a framework of strategic plan based on SWOT analysis using IT in Agriculture.

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Romanian Culture and its Attitude Towards Entrepreneurship

Author(s): Ana-Maria Grigore,Andreea Mitroi / Language(s): English Issue: 1/2012

The “overview” culture of the nation we live in has an overwhelming influence. A strong entrepreneurial culture is the foundation of a dynamic economy. It reflects the measure in which a certain country’s society supports the entrepreneurs’ ideas and initiatives and the way in which it can direct its young people towards a career in business by developing the necessary skills in them. Its geography and history, its Latin origin and its orthodoxy determine the diversity of the Romanian culture’s characteristics. Being positioned at the intersection of multiple national cultural influences, the Romanian culture is in itself difficult to describe. At the same time, local culture is encyclopedic, not specialized, which is very useful for the transition period, in which a business promoter has to solve a great deal of problems in the most diverse domains. Living in a culture which favours the improvisation, the Romanian entrepreneur paradoxically found it an opportunity, especially since he had started with all odds against him when compared with his Western European competitor, armed with know-how, funding or the back-up of his country of origin.

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Cultural Globalization in the Context of International Business

Author(s): Monica Cojocaru / Language(s): English Issue: 5/2011

Beyond locating meanings of globalization, and their connection to those of culture and cultural environment of international affairs, in this paper we propose to analyze the significance of this connection as the main motivation for research. Initially, the primary theory of international economic relations has denied aspects of the influence of culture in profit in the international trade. Classical doctrine of international trade theory based on Ricardo explain on a purely commercial gain related strictly to the traditional factors of production. Subsequently, globalization has changed the equation by introducing new variables in international trade. In the current stage of development, companies are increasingly global, while the consumer remains or cultural features distinguishing it emphasizes the international market. The essential question here goes: How do we do global sell to an individual consumer? What role do knowledge and respecting individual cultural or national? The answer is based on the special attention paid to the local consumers of products and services according to the particular consumer experience.

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National Bank of Romania Management in Time of Financial Crisis

Author(s): Ioana Florentina Savu / Language(s): English Issue: 5/2011

According to the objectives pursued in preparing Romania's accession to the European Union (E.U), the National Bank of Romania (N.B.R.) acted in line with Romania's constant efforts aiming to adapt - institutionally, structurally and operationally - the Romanian economy to the E.U. requirements. The E.U. requirements on financial crisis management ask for an agreement of co-operation between all national financial supervisors, central bank and finance ministry. The current financial and economic crisis started at the end of 2008 and appears to be unprecedented in the last century. For 2009, N.B.R. tried to stay consequent in its economic growth projection bringing the following arguments: • lower ratio of exports to Gross Domestic Product (G.D.P.); • lower level of financial intermediation; • the fact that Romania has a nearly balanced energy balance; • exchange rate flexibility; • large volume of structural funds which may be attracted to Romania.

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